Taste of Belgium files for Chapter 11 bankruptcy

You tin find archetypal nonfiction present Nrn. Subscribe to our escaped regular Nrn newsletters.

Cincinnati-based edifice concatenation Taste of Belgium has filed for Chapter 11 bankruptcy successful the U.S. Bankruptcy Court for the Southern District of Ohio.

Taste of Belgium was founded successful 2007 by Jean-François Flechet successful Cincinnati. It started arsenic a tiny waffle basal astatine a section farmers' marketplace and grew to much than 10 locations crossed Southern Ohio and Northern Kentucky.

Most of its locations, however, person closed successful the past 2 years, including its archetypal full-service determination successful Cincinnati’s Over-the-Rhine district. The concatenation is present down to conscionable 3 restaurants successful Cincinnati. It is known for its accepted Belgian waffles, chicken, and beer, arsenic good arsenic “American classics that person been Belgian-ized," according to its website.

In its bankruptcy filing, the institution listed $2.65 cardinal successful secured claims and $217,248 successful precedence taxation obligations. Major secured creditors see the Small Business Administration ($1.85 million) and Emery Federal Credit Union ($706,465). The filing follows a foreclosure suit initiated by Emery Federal Credit Union successful Ohio's Hamilton County Court of Common Pleas.

Flechet noted that the filing is simply a strategical determination aimed astatine stabilizing the concern and ensuring “long-term stability.” He cited continuing impacts from the COVID-19 pandemic, including shifts successful user eating habits, inflation, and changes successful downtown ft traffic.

In a station connected societal media, the institution wrote: “We’re OPEN. Taste of Belgium has filed for Chapter 11 bankruptcy extortion truthful we tin support moving forward. From a impermanent standpoint, thing changes. We’re serving breakfast, lunch, dinner, and play brunch.

“We’re successful the hospitality business, and hospitality is amended successful person. If you haven’t been successful a while, we’d emotion to invited you back. Our paper is backmost to its roots, everything is made from scratch, and our teams are acceptable to instrumentality attraction of you.

Thank you for supporting section restaurants and choosing to walk your clip with us.”

Taste of Belgium is the 2nd edifice conception to record for Chapter 11 extortion this week, pursuing Compass Coffee’s petition. Such filings person been a large communicative for the past 2 years arsenic edifice companies proceed to navigate higher costs alongside muted postulation and sales. In 2025, the S&P Global marketplace recorded its highest gait of bankruptcies since 2010 — COVID notwithstanding.

Contact Alicia Kelso astatine [email protected]

Follow her connected TikTok: @aliciakelso